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Booming metal prices could bring more equity deals
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Indonesian issuers continued to keep the market focused on new equity fundraisings, as several IPOs launched this week.
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Primary Health Properties, the healthcare REIT that invests in properties across the UK and Ireland, completed a capital raising on Wednesday and grew the size of the offering by £15m.
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UK construction company Galliford Try has raised £164m through a rights issue to cover the costs related to the collapse of construction and facilities management firm Carillion in January, after the successful conclusion of its fully underwritten rights issue on Monday.
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Industrial and Commercial Bank of China’s Singapore branch aims to underwrite IPOs of Chinese companies in the city-state after receiving accreditation as an issue manager from the Singapore Exchange.
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Indonesian petrochemicals manufacturer Barito Pacific has set a price range for its rights offering to bag up to Rph18.5tr ($1.3bn).
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Nomura’s head of equity syndicate for Asia ex-Japan Ortwin Gierhake is no longer with the firm, sources close to the matter said.